This package also includes daily updates to the Online Exam Simulator question bank, up to fifteen (15) "Ask the Professor" e-mail questions, and a customizable study schedule with study tips. Administrative access is also available for managers to monitor their candidates' progress!

Please see individual product pages for more details.

How long should I prepare for this exam?

We recommend studying 60 hours over a four-week period.

What does a Series 53 license allow me to do?

The municipal securities principal bears primary responsibility for overseeing the municipal securities activities of a securities firm or bank dealer. In this capacity, a municipal securities principal MANAGES, DIRECTS or SUPERVISES one or more of the following activities:

underwriting of municipal securities;

trading of municipal securities;

buying or selling municipal securities from or to customers;

rendering of financial advisory or consultant services to issuers of municipal securities;

communications with customers about any of the above activities;

maintaining records on the above activities;

processing, clearing, and (in the case of securities firms) safekeeping of municipal securities; and

70% (Please Note: Your score will be rounded down to the lowest whole number (e.g. 69.9% would be a final score of 69%--not a passing score for the Series 53 Exam).

How many questions are on the exam?

100

How long is the exam?

3 Hours

What subjects does the Series 53 exam test?

The Series 53 is divided into six areas:

Federal Regulations 4%

General Supervision 21%

Sales Supervision 29%

Origination
and Syndication 22%

Trading
8%

Operations
16%

Are there other FINRA exams I need to complete as a prerequisite to attempting the Series 53?

Yes, the Series 52. However, if you had taken and passed the
Series 7 prior to November 7, 2011 you would qualify.

How much does the exam cost?

The cost of the exam is $265 at this writing.

If I stop working for my firm, how long will my Series 53 license remain active?

You will have two years between
jobs before the license expires.

When you cease working for a
firm, your employer will file a Form U5 to terminate your registration. Your next
employer will file a Form U4, which will re-register you. As long as you do not
exceed two years between employers, your Series 53 license will remain active.

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Extensions required due to extenuating circumstances are given consideration if Solomon Exam Prep is contacted within 3 months of the expiration date of the Online Exam Simulator.

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I never really had to study in high school or college, so I was especially nervous to take this exam after hearing from colleges how difficult the Series 6 was. This program gave step-by-step instructions on how to study which ultimately led to me passing on my first try with an 81.

Ambria Smith, PFM Fund Distributors, Harrisburg, PA

Passed that bad boy (Series 79) weeks ago with an 86, kicked its ass. I hate leaving that much room, means I wasted time. Thanks for everything.